Is Now The Time to Lock Into a Fixed RateMortgage?

This week's episode explored the impact of monetary policy on current interest rates, and inflation levels. According to the Atlanta Federal Reserve, quantitative easing over the last few years had a negative 2% impact on interest rates. What does this mean for you? Now that it may be slowing down, does this mean it's officially time to lock in to a fixed rate mortgage? Have a listen to the episode to find out!

 

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0:00 - Intro
0:52 - Even just speaking is a form of monetary policy for the Bank of Canada.
3:50 - The impact of quantitative easing on interest rates and what removing it will do.
5:14 - Are these inflation levels temporary?
7:36 - Justin explains why there may not be much time left to call Cannect
13:12 - Chantel calls in to ask about getting a business loan.
18:40 - Justin dancing to Thriller and discussing his Chris Farley impression.
21:10 - Is now the time to lock into a fixed rate?
27:04 - Elaine calls in to ask about consolidating her debt into a personal line of credit.
30:58 - Marcus discusses why banks should take a more long-term view on their borrowers.
32:35 - Cannect can help you build a plan to decide your most cost-effective plan to borrowing money.
35:00 - Banks don’t discriminate in their lending practices by area.